Christopher Sims, the John J. F. Sherrerd ’52 University Professor of Economics, Emeritus, and a Nobel laureate whose work ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Economics is the study of how people make choices when things are limited. It's a huge field, but it can be easily broken down into two main areas. Think of it like looking at a city: you can look at ...

Economists like to model people as rational creatures who make self-interested decisions. But humans don’t act that way. Why do investors, politicians and ordinary people act against their best ...

Behavioral economics is a field of study that combines insights from psychology and economics to understand how people make decisions. Unlike traditional economics, which assumes that individuals are ...

Harvard economist Roland Fryer looks at whether culture is a cause or consequence of inequality. Image: Free to Choose Network Photo: Free to Choose Network Culture is one of the most underrated ideas ...

This is a preliminary draft and may not have been subjected to the formal review process of the NBER. This page will be updated as the chapter is revised.

Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research into the impact of innovation on economic growth and how new technologies replace older ...

Abstract: This paper promotes a new academic research perspective for the analysis of industrial innovation and technological development. Specifically, it aims to apply the prescriptions of ...

Use of the phrase “moral science” has increased in the past century. 1 The phrase has been used to describe the discipline of economics, notably by Kenneth Boulding in his 1968 presidential address ...

Daron Acemoglu has long studied technology-driven growth. He thinks we should slow down and make sure we’re using AI the right way. For all the talk about artificial intelligence upending the world, ...

The following big questions guide the Macroeconomics and Growth Research work program: 1) What are the determinants of macroeconomic outcomes (especially growth)? How are those outcomes linked to ...